Veolia Water, through its subsidiary Veolia Water AMI, has won a contract awarded by Saudi Arabia’s Ministry of Water and Electricity for water production and distribution and wastewater collection in the capital, Riyadh, Saudi Arabia.
This is the first time Saudi Arabia has awarded a contract for water services to a private operator, and it is also one of the most important contracts in terms of the number of people served (4.5 million inhabitants) and in the length of the drinking water network (10,000kms), as well as wastewater (4,500kms) that has been entrusted to Veolia Water in the world.
Under the six-year contract, Veolia Water will provide its services
to the National Water Company on the basis of an incentive system linked to the performance and savings achieved. The contract will represent total estimated cumulative revenue of €40 million (US$60 million).
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